Stocks until the positions key - CNN report

Click on the graphic for more data Premarket.

NEW YORK? (CNNMoney) - U.S. stocks were waiting for the Bell to open Friday, with investors looking to the monthly jobs report.

Dow Jones industrial average (INDU), S & P 500 (SPX) and Nasdaq (COMP) was all about 0.1% lower. Future measure the values of the current index against perceived future performance.

US stocks rose Thursday as investors applauded two stronger than expected reports on the employment market, staged very expected Friday June jobs report.

Economy: The Government will publish the monthly report on the jobs at 8: 30 a.m. et.

A survey CNNMoney of 27 economists, employers should have added 120 000 jobs in June. As a general rule, the economy needs to add about 150,000 jobs just to keep pace with population growth.

The unemployment rate is expected to decrease slightly to 9%, from 9.1% in May.

The labour market did get two signs optimistic Thursday that the employers in the private sector added 157,000 jobs in June and fewer people filed new claims for unemployment benefits. But the Friday report is the most-watched and is more influential.

May wholesale inventory figures are due in soon after the opening bell. Towards the end of the afternoon, the Federal Reserve will release its report on may consumer credit report.

Global markets: European stocks were mixed in midday trade. FTSE 100 Britain was flat, the DAX in Germany added 0.2% and the CAC 40 France decreased by 0.2%.

Asian markets end the week with gains. The Shanghai Composite checked 0.1%, the Hang Seng to stir-fry 0.9% Hong Kong and Nikkei of Japan rose 0.7%.

Currencies products: The dollar was down against the euro, the Japanese yen and the pound sterling.

Oil for August delivery slipped $0.43 to $98.25 per barrel.

Future of gold for August delivery fell $ 2.30 to $ 1,528.30 an ounce.

Bonds: The price on the 10-year US Treasury reference was flat, with the performance taking 3.14%.

First published: 8 July 2011: 6 pm et

Obama taps top Curry, Miller for financial positions

By Dave Clarke

WASHINGTON. Fri July 1, 2011 7: 24 pm EDT

WASHINGTON (AFP) - President Barack Obama moved to fill two key positions in the ranks of financial regulators as officials work to complete the new rules required by the Act of monitoring Dodd - Frank Wall Street.

The White House announced Friday that Obama will appoint Thomas Curry at the head of the Office of the Comptroller of the currency, the body which oversees the banks at the national level.

Obama will also appoint Mary Miller to become the Undersecretary of the Treasury for domestic finance, the White House said in a statement.

Curry, Member of the Federal Deposit Insurance Corp. and a politically registered independent, had been rumored to be a top competitor for the position of the CCO.

The OCC regulates the largest banks in the country, such as the Bank of America and JPMorgan Chase and without a permanent since August last year, when John Dugan has left the position.

Curry challenge is going to change reputation of the OCC as friendly regulator trying to protect large banks of the State consumer protection laws.

Earlier Friday, a group of Democrats including representative Barney Frank has written to the OCC, requesting more time to the public must weigh on a proposal that critics say gives always the OCC too much power to the laws of the State of preemption.

Miller, currently Secretary of the Treasury for financial markets is Assistant in charge of the management of the public debt of the country.

It will be named the broader role that Congress and the administration are trying to hash on an agreement to increase the ceiling of the debt of $ 14.3 billion and to rein in government spending.

Curry and Miller joined the other nominees of financial decision makers in the pipeline, including two members of the Securities and Exchange Commission and a Commissioner for the Commodity Futures Trading Commission.

Obama also was appointed FDIC Vice Chairman Martin Gruenberg, the head of the FDIC when Sheila Bair left his position as Chairman of the next week. Bair welcomes appointment of Curry Friday, saying that its "best in State and federal banking regulations made him an excellent choice for controller."

The Senate Banking Committee Chairman Tim Johnson said Friday that he plans to move forward on the nomination of the Curry "as quickly as possible."

Frank said Curry had excellent bipartisan references and urges quick action on his appointment, saying: "it would be inappropriate" to have an acting controller to take important decisions on the implementation of the Act, reform of Wall Street.

TRADES OF THE LARGER BATTLE OF NOMINATION

Obama has yet to address the more hotly debated opening - work than new financial Protection Office of consumption, which will regulate products like credit cards and mortgages and opens its doors on July 21.

Democrats are pushing the administration refer to Harvard, Law Professor Elizabeth Warren, including Wall Street is painted as an inexperienced firebrand who will harm the market.

It would have a time difficult, winning Senate confirmation, but will be almost any candidate.

Last month, 44 Republicans said they would block any candidate to be Director of the new Office, unless a law is adopted to change the way it is structured, a move Democrats say aims to weaken the guard dog.

Republicans should continue to take a firm position against almost all Obama candidates for the posts of financial policy.

Candidates announced, Gruenberg should be the path more easy confirmation due to his years as an assistant to Congress Senate and the relationship he built with the Republicans during this period.

Curry, 54, joined the FDIC in 2004 after serving as Commissioner for the protection of the Massachusetts banks for several years. Being an independent chartered may decrease the Republican opposition.

However, he went Democrat between 1993 and 1999, according to the forms of communication, it filed with the Senate in 2003 for his appointment to join the FDIC Board.

(Reporting by Dave Clarke, additional reporting by Rachelle Younglai;) (Editing by Tim Dobbyn, Gerald e. McCormick and Carol bishopric)